Sharp Corp (6753.T: Quote, Profile, Research) and Kansai Electric Power Co (9503.T: Quote, Profile, Research) said on Monday they have agreed to join forces in a solar power generation project that involves the construction of two power plants in Sakai, western Japan. Soaring crude oil prices and growing concerns about climate change have boosted energy consumers' and producers' interest in renewable energy such as solar cell and wind power. Kansai and Sharp, a solar cell maker competing with Germany's Q-Cells (QCEG.DE: Quote, Profile, Research) and China's Suntech Power Holdings (STP.N: Quote, Profile, Research), plan to build a power generation facility with a maximum capacity of 18 megawatts at Sharp's manufacturing complex by March 2011.
Soaring crude oil prices and growing concerns about climate change have boosted energy consumers' and producers' interest in renewable energy such as solar cell and wind power.
Kansai and Sharp, a solar cell maker competing with Germany's Q-Cells (QCEG.DE: Quote, Profile, Research) and China's Suntech Power Holdings (STP.N: Quote, Profile, Research), plan to build a power generation facility with a maximum capacity of 18 megawatts at Sharp's manufacturing complex by March 2011.
